Monday, July 26, 2010
potlatch noun [POT-lach] A ceremony at which gifts are bestowed on the guests in a show of wealth that the guests later attempt to surpass.
Definitions for potlatch
- A ceremony at which gifts are bestowed on the guests in a show of wealth that the guests later attempt to surpass.
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Citations for potlatch
On social media, the potlatch takes the form of outtweeting and outsharing the field, overloading the network with fragments of oneself as users seek a ranking.
I want to play around with the idea that the orgy of bonus-giving that is a way of life among Wall Street investment banks (and related institutions) is a perverse form of the potlatch, the ceremony among Northwest Coast Indians in which leaders (Big Men) give away enormous quantities of food and goods to another tribal group.